The Titanic sank in 1912, the Lusitania sank in 1915. In each case, about 32 percent of passengers survived. But women and children did much better on Titanic, which took 160 minutes to slide underwater, than on Lusitania, which went down in 18 minutes. Ditto for rich people. Why?

The “official” arbiter of recessions is the National Bureau of Economic Research (NBER), a private, nonprofit research organization, comprising a number of top economists, according to Stephen Malpezzi, Lorin and Marjorie Tiefenthaler Professor of Real Estate and Urban Land Economics at the Wisconsin School of Business.
Actually, NBER doesn’t officially use the word “recession” as such, [...]

Carbon tax or carbon trading? As the United Nations gets set for (another!) pow-wow on global warming, policy wonks are focusing on two mechanisms to reduce carbon pollution. Which gets more control at a lower price: carbon tax or carbon cap-and-trade?